Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Coastal Corporation Limited

Meeting Details

  • Type of Meeting: 45th Annual General Meeting (AGM)
  • Date of Meeting: Thursday, 27th August, 2026
  • Time of Meeting: 10:00 A.M. to 11:00 A.M. IST
  • Mode of Meeting: Conducted through Video Conferencing (VC) / Other Audio Visual Means (OAVM)
  • Deemed Venue: Registered office of the Company at Coastal One, Plot No. 1, Balaji Nagar, 3rd & 4th Floor, Door No. 8-1-5/4, Siripuram, Visakhapatnam - 530003, Andhra Pradesh, India
  • Cut-off Date: 20th August, 2026 (shareholders as on this date were entitled to vote)

Proposed Resolutions and Implications

The notice dated 3rd August 2026 contained seven resolutions for shareholder approval:

1. Resolution No. 1: Adoption of the Audited Financial Statements of the Company (including consolidated financial statements) for the financial year ended March 31, 2026, together with the Reports of the Board of Directors and Auditors thereon (Ordinary Resolution)

2. Resolution No. 2: Declaration of Dividend of ₹0.28 (Rupees Twenty-Eight Paise Only) per Equity Share of ₹2 (Rupees Two Only) as Final Dividend for the Financial Year 2025-26 (Ordinary Resolution)

3. Resolution No. 3: Appointment of Ms. Jeeja Valsaraj (DIN: 01064411) who retires by rotation and being eligible offers herself for re-appointment (Ordinary Resolution)

4. Resolution No. 4: Re-Appointment of Dr. Emandi Sankara Rao (DIN: 05184747) as a Non-Executive - Independent Director (Special Resolution)

5. Resolution No. 5: Approval of the Related Party Transactions entered by the Company (Ordinary Resolution)

6. Resolution No. 6: Appointment of Ms. Vineesha Valsaraj (DIN: 08338377) as a Non-Executive - Non-Independent Director (Ordinary Resolution)

7. Resolution No. 7: Appointment of Mr. N S Narayan Rao (DIN: 11726147) as an Independent Director (Special Resolution)

Voting Process and Methods

The voting was conducted through two methods:

  • Remote E-voting: Available from 24th August, 2026 at 9:00 A.M. IST to 26th August, 2026 at 5:00 P.M. IST through Bigshare Services Pvt Ltd
  • E-voting during AGM: Conducted during the Annual General Meeting on 27th August, 2026

After closure of E-voting during the AGM, votes cast through both methods were unblocked in the presence of two witnesses who are not in employment of the Company in accordance with Rule 20(3)(ix) of the Companies (Management and Administration) Rules, 2014.

Key Voting Outcomes

Resolution No. 1: Adoption of Financial Statements
  • Total Votes Cast: 19,981,184
  • Votes in Favour: 19,981,184 (100%)
  • Votes Against: 0 (0%)
  • Invalid Votes: 0
Resolution No. 2: Declaration of Dividend
  • Total Votes Cast: 19,981,183
  • Votes in Favour: 19,981,183 (100%)
  • Votes Against: 0 (0%)
  • Invalid Votes: 0
Resolution No. 3: Re-appointment of Ms. Jeeja Valsaraj
  • Total Votes Cast: 19,981,184
  • Votes in Favour: 19,980,699 (99.99%)
  • Votes Against: 485 (0.01%)
  • Invalid Votes: 0
Resolution No. 4: Re-appointment of Dr. Emandi Sankara Rao
  • Total Votes Cast: 19,981,184
  • Votes in Favour: 19,980,698 (99.99%)
  • Votes Against: 486 (0.01%)
  • Invalid Votes: 0
Resolution No. 5: Approval of Related Party Transactions
  • Total Votes Cast: 19,981,184
  • Votes in Favour: 19,981,184 (100%)
  • Votes Against: 0 (0%)
  • Invalid Votes: 0
Resolution No. 6: Appointment of Ms. Vineesha Valsaraj
  • Total Votes Cast: 19,981,184
  • Votes in Favour: 19,980,698 (99.99%)
  • Votes Against: 486 (0.01%)
  • Invalid Votes: 0
Resolution No. 7: Appointment of Mr. N S Narayan Rao
  • Total Votes Cast: 19,981,184
  • Votes in Favour: 19,981,174 (100%)
  • Votes Against: 10 (0.00%)
  • Invalid Votes: 0

Participation Breakdown by Shareholder Category

Promoter and Promoter Group
  • Shares Held: 15,928,920
  • Votes Polled: 15,928,920 (100% of shares held)
  • Voting Mode: Entirely through E-Voting
Public Institutions
  • Shares Held: 120,192
  • Votes Polled: 120,192 (100% of shares held)
  • Voting Mode: Entirely through E-Voting
Public Non-Institutions
  • Shares Held: 3,932,072
  • Votes Polled: 3,932,072 (100% of shares held)
  • Voting Mode: Entirely through E-Voting

Total Shareholding and Voting

  • Total Shares Outstanding: 19,981,184
  • Total Votes Polled: 19,981,184 (100% of outstanding shares)
  • No postal ballots were used
  • No invalid votes were recorded across any resolution

Scrutinizer's Role and Findings

  • Name: A.V.V.S.S.Ch.B. Sekhar Babu, Practicing Company Secretary (FCS No. 4722, CP No. 2337)
  • Appointment Date: 03-08-2026 (by Board of Directors)
  • Report Date: 28-08-2026
  • Responsibilities: Scrutinizing the Remote E-voting and E-voting during the AGM in a fair and transparent manner in accordance with Section 108 of the Companies Act, 2013 read with Rule 20 & 21 of the Companies (Management and Administration) Rules, 2014
  • Findings: All resolutions were passed with the required majority
  • Data Custody: Electronic data and relevant records shall remain in the scrutinizer's safe custody until the Chairperson considers, approves and signs the minutes of the AGM

Compliance with Laws and Regulations

The meeting was conducted in compliance with:

  • Companies Act, 2013 and Rules made thereunder
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • MCA General Circular Nos. 14/2020, 17/2020, 20/2020, 10/2022, 09/2023, and 09/2024
  • SEBI Circulars dated May 12, 2020, January 15, 2021, May 13, 2022, January 5, 2023, October 7, 2023 and October 3, 2024

Additional Information

  • The company is a Govt. of India Recognised Three Star Export House
  • GSTIN: 37AACCC6045J1ZL
  • NSE Symbol: COASTCORP
  • BSE Scrip Code: 501831
  • The physical presence of Members was dispensed with due to MCA circulars, and the facility for appointment of proxies was not applicable